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Journey to consistency

  • #1,821
  • Jan 11, 2019 3:09am Jan 11, 2019 3:09am
I'm more towards 70/30 that this is a long to be short this looks very tricky on 5min, however on 30min I'm 70% the main direction for today is up but for bulls its no easy game neither there's resistance at 53 and 967 minor I think and above that resistance I'm not seeing any long fractal plus there should be a retest back to 953 can this fall down to 913 ? hmmm if it does yes it can as long as 913 holds there's a chance it could go higher but I'm not to keen on selling it above 913 now.

Going after the main move for the day is trickier than I thought it'd be but that's the only way I might survive too many moves too many distractions I lose sense of direction.
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  • #1,822
  • Jan 11, 2019 3:19am Jan 11, 2019 3:19am
53 breaks but no fractal hmm.
I see what you've been trying to do now on 30min ... bears

but I must confirm the move.
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  • #1,823
  • Edited 4:14am Jan 11, 2019 3:53am | Edited 4:14am
+3pips and I'm calling it a day here.

I've learned again so much and I think by the end of my session I eventually saw where it was really headed I could have ended the day in the + but the more I learn about price movement the more cautious I'm becoming to open a trade sticking with my exit is a problem but I guess I should get better and better as the month progresses further on.
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  • #1,824
  • Jan 11, 2019 3:58am Jan 11, 2019 3:58am
Last point before I log off for the week I think as I said I should look at 30min chart first before opening anything on 5min and once 30min has confirmed a direction I should enter from 5m, but of course I should also wait for the right moment/pattern from 5min, in that way I'll be less confused but if I am confused sometimes 5min could also provide a pretty decent confirmation but all in all I think 30min should be my main focus although opportunities can present themselves on 5min I want to ride the main trend for the day.
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  • #1,825
  • Edited 1:21am Jan 14, 2019 12:52am | Edited 1:21am
Levels for today 30min

R1 911
R2 934
R3 951

S1 867
S2 847
S3 828
S4 803
S5 780
S6 763
S7 750
S8 736

I don't see any hook going up providing support from the downside, yes it did found support 68 and 47 but they have been tested areas in the past I mean if it really wanted to go up from here I need to see a hook first on 30min followed by a retest of that hook , but sometimes that hook can turn things around to sell mode if I see a hook coming from the opposing side as we did see on Friday and on 9th of Jan so my stance for today for now is bearish.

Opened with a gap down. Ok.

Now there's a possibility of up move I wish I had kept my short form Friday
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  • #1,826
  • Jan 14, 2019 1:10am Jan 14, 2019 1:10am
Scenario 1 Up
Scenario 2 Down

The thing its right below S3 previous support now most likely going to be a resistance so for now I'm still tilted towards bearish side.

I'm waiting for a hook break on 5min.
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  • #1,827
  • Jan 14, 2019 1:46am Jan 14, 2019 1:46am
I gotta be careful here, we're below 828 fractal opposing fractal until I see 803 breakdown (there's also minor fractal on 810) it can go the other way still on observe mode.
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  • #1,828
  • Jan 14, 2019 2:07am Jan 14, 2019 2:07am
I think this might be going up 818 is the focal point now if it gets a retest I'm waiting on 30min.
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  • #1,829
  • Jan 14, 2019 3:25am Jan 14, 2019 3:25am
waiting on 865 probably might take hour or more.
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  • #1,830
  • Jan 14, 2019 3:36am Jan 14, 2019 3:36am
change of scenario new development

826 on top of 820 on bears side of things

waiting on 826 on 5min.
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  • #1,831
  • Jan 14, 2019 4:12am Jan 14, 2019 4:12am
1 short in.
OMG.
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  • #1,832
  • Jan 14, 2019 4:22am Jan 14, 2019 4:22am
out +17 chicken.
I tried 0.1 higher lot than my usual trades because I felt pretty good.

exits are going to be tricky, now that I have somewhat figured out entry and the right direction.
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  • #1,833
  • Jan 14, 2019 4:31am Jan 14, 2019 4:31am
good thing I got out, although it didn't look like it was going up now I'm not so sure if I did things accurately. I wasn't so sure about 820. Hmmm I'll stay on the sideline
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  • #1,834
  • Jan 14, 2019 5:17am Jan 14, 2019 5:17am
+7

net 24 thus far.
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  • #1,835
  • Edited 8:39pm Jan 14, 2019 7:51pm | Edited 8:39pm
Today's levels.

Daily main range

R1 985

S1 818
S2 679
S3 534

1h levels

R1 896
R2 930

S1 856

5min levels

R1 873
S1 861
S2 865

I don't see turnaround just yet main support on daily is 818.
I'm bullish given every input I "can" see, what I cannot see I can't be sure and there's a lot that I can't see.

I'm still not so sure how I should work within this range it's a work in progress.

Daily 818 is on hold I don't see any sign of turnaround movement
1h 818 held yesterday and mainly 856
5min 865 s held

all pointing up to a upward move

now on the opposing side there's 873 next R 896 1h Resistance.

top down analysis, lol I'm not so sure about myself but hey I'm starting to see a lot of things....
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  • #1,836
  • Jan 15, 2019 1:15am Jan 15, 2019 1:15am
Today is the Brexit day I have to be extra careful I think I'll just trade the London morning today and call it a day early.

As for levels opened up with a gap I wish I had a long placed yesterday night

1h two resistance levels have been broken 896, 930

I see a breakout attempt on 5min at 935 that's now my 5min retest area now the next R is daily R 985

for now I'm seeing push up ahead possibly from 935 but there's more to be confirmed on 5min and 1h, daily looks good still, BUT there's always a but things can turnaround if it wants to or have to.

Although from what I can see its trying to go up from 935 possibly to 985 and from 985 there's going to be another observe re orient confirm and react.
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  • #1,837
  • Jan 15, 2019 1:47am Jan 15, 2019 1:47am
5min R 951 S 935
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  • #1,838
  • Jan 15, 2019 1:59am Jan 15, 2019 1:59am
Quoting Piquant
Today is the Brexit day I have to be extra careful I think I'll just trade the London morning today and call it a day early.
why not take a break today?
if you already know that the conditions are not ideal...
there is always, always another trade!!
  • #1,839
  • Jan 15, 2019 2:10am Jan 15, 2019 2:10am
long closed +9.6 omg I was so scared LOL.
985 that was very sudden.

my entry was bad I could have entered as soon as 51 broke and could have holder it slightly above 985.

but I'm more than happy that my analysis of the levels and peak and trough was right.

now 985 if I did draw my line correctly I'm awaiting for a sign if there's going to be any breakout attempt and push up above or down.
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  • #1,840
  • Jan 15, 2019 2:24am Jan 15, 2019 2:24am
Quoting profitfarmer
{quote} why not take a break today? if you already know that the conditions are not ideal...
I wanted to practice but if PA goes wack I'll be walking away but I assumed things are going to pick up by US session and in the afternoon.
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